Bridgford Foods Co. (NASDAQ:BRID) Short Interest Update

Bridgford Foods Co. (NASDAQ:BRID) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 7,500 shares, a growth of 7.1% from the January 15th total of 7,000 shares. Currently, 0.5% of the company’s stock are sold short. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 1.6 days.

Bridgford Foods Stock Up 0.6 %

Shares of BRID traded up $0.06 during mid-day trading on Monday, hitting $10.31. 609 shares of the company’s stock were exchanged, compared to its average volume of 1,885. The company has a 50-day simple moving average of $10.48 and a 200 day simple moving average of $9.84. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.74 and a quick ratio of 2.71. The company has a market cap of $93.61 million, a PE ratio of -27.86 and a beta of -0.67. Bridgford Foods has a 52 week low of $7.77 and a 52 week high of $14.69.

Bridgford Foods (NASDAQ:BRID) last released its earnings results on Wednesday, January 29th. The company reported ($0.07) earnings per share (EPS) for the quarter. Bridgford Foods had a negative net margin of 1.51% and a negative return on equity of 2.63%.

Hedge Funds Weigh In On Bridgford Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Factorial Partners LLC increased its holdings in shares of Bridgford Foods by 13.8% during the 4th quarter. Factorial Partners LLC now owns 25,017 shares of the company’s stock worth $263,000 after acquiring an additional 3,037 shares during the last quarter. Geode Capital Management LLC boosted its position in Bridgford Foods by 29.9% during the third quarter. Geode Capital Management LLC now owns 24,150 shares of the company’s stock worth $220,000 after purchasing an additional 5,558 shares during the period. Northern Trust Corp increased its holdings in shares of Bridgford Foods by 28.6% in the fourth quarter. Northern Trust Corp now owns 31,913 shares of the company’s stock valued at $343,000 after purchasing an additional 7,093 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Bridgford Foods in the fourth quarter valued at about $124,000. Institutional investors own 4.68% of the company’s stock.

Bridgford Foods Company Profile

Bridgford Foods Corporation, together with its subsidiaries, manufactures, markets, and distributes frozen and snack food products in the United States. It operates in two segments, Frozen Food Products and Snack Food Products. The company offers biscuits, bread dough items, roll dough items, and dry sausage and beef jerky products, as well as ready to eat sandwiches and non-refrigerated snack food products.